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UK Economy to be surpassed by Canada's and Australia's
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12-07-2009, 06:50 PM
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brulpcoersero
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Yes the BRIC Nations may well surpass the UK economy.
Brazil, Russia, India and China are massive countries with vast populations.
As for the other countries that is debatable, although both Australia and Canada have far greater room for population expansion due to their massive size and far greater natural resources. However with respect to Australia cities such as Perth may not be sustainable due to water shortages, and the same applies to other parts of Australia. Whilst large parts of Canada suffer extreme weather conditions.
The BRIC Nations may even eventually overtake the US one day and the same think tank suggests that on present trends the Chinese could overtake the US by the 2020s. Whilst in the future we could be looking at a European Economy rather than a UK one and both the French and UK Seats on the UN Security council may well be replaced by a European one. Saying that Switzerland is not a top ten economy but in terms of wealth per citizen and standards of living it preforms very well.
It may well also herald the decline of the US as BRIC member nations replace old trusted US friends such as Britain on the UN Security Council and become ever more powerful.
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